| trend | adx | psar | pps | macd | macd trend | sto | sto trend | |
|---|---|---|---|---|---|---|---|---|
| SPY $110.03 | ||||||||
| VIX 30.04 | ||||||||
| TLT $96.52 |
During this period, all experienced traders take off, and the interns are left in charge, building fortresses out of used pizza boxes in the corridors of their Wall Street towers and holding battles with golf- and spit-balls.
It is a time when volume is low, and prices often move contrary to expectation. For the technician, it is a week of charts scribed by idiots, signifying nothing.
The rundown:
Blue-chip stocks, trading narrowly down at the upper end of Thursday's range.
Treasury long-term bonds, high-yield corporates bonds: up by a bit. Emerging markets, gold, oil: Down by a bit.
U.S. dollar slightly up against both the euro and the yen, but the margin is so narrow as to not matter one whit.
| trend | adx | psar | pps | macd | macd trend | sto | sto trend | |
|---|---|---|---|---|---|---|---|---|
| JNK $37.64 | ||||||||
| GLD $118.20 | ||||||||
| USO $34.00 | ||||||||
| EEM $38.30 | ||||||||
| EUR/USD $1.2340 | ||||||||
| USD/JPY ¥90.90 |
Gerald Appel, the inventor of the MACD tech analysis tool, gives hard-earned wisdom on stock picking and the timing of tardes. A masterwork by a market master.
Abbreviations:
- psar - Parabolic Stop and Reverse
- adx - Average Directional Index
- pps - Person's Proprietary Signal
- ma20 - 20-day moving average
- macd - Moving Average Convergence-Divergence
- sto - Fast Stochastic
About the glance: The colors indicate the state of each signal.
- trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways
- adx: orange for above 30-up, blue for 20-down, purple for in the middle. Red is most prone to whipsaws
- psar, pps, macd: green for bull mode, red for bear
- sto: green for overbought, red for oversold, yellow for the neutral zone.
New to private trading? Here's a look at How to Become a Private Trader.
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